08-26-2011 06:41 PM - edited 08-26-2011 06:43 PM
AFAIK its always been a float. I've charged up to $2k in a month, and usually pay 90%. I leave a balance to make sure it reports. FWIW the folks at Von Maur credit are extremely friendly, and one of the only department stores left in the country that takes on their own financing (ie there's no bank to go through) And..I love the fact that there's never any interest, whether you carry a balance or not.
08-26-2011 06:46 PM
yes love that they back the card.
However it was not included in my ch 13 over 5 years ago but at some point during the bk I spent up over my usual so they had pulled credit and closed the account because of bk. I paid them off even though they could not send me statements and when my bk closed they re-opened but put a credit line in place... I spoke to them today and she wanted to hard TU, I told her I would call back next month because my debt would be paid off and my car refinance is at the top of my list before Von Maur. But was just kind of curious what other people have found.
they seem to be more concerned about monthly payments vs CL. I have never really paid more than minimum since no interest and I usually in past always spent enough to do 10 month club account, use to be over $300, now I believe it's over $500.
Anyway I have had up to a $350 montly payment before and that was about as high as they wanted to let me go at time.
08-26-2011 06:50 PM
When I filed BK7 years ago, ('99 I think) I had my lawyer draw up an agreement between myself and VonMaur, if I agreed to pay the account balance in full they would agree to keep the account open with no restrictions. They held up their end of the bargain, and I've been using my account ever since.
08-27-2011 01:07 PM
All Applications are Manually looked at... If you apply in store you literally watch the screen with a little back and forth sliding bar for 3-5 minutes while underwriting looks at your report... They are EXTREMELY relaxed with financing and will start you as low as $200 for 6 months and each increase until you get on a moving CL is a hard pull but they are super nice. But I have had friends with terrible credit (540 TU) apply and get approved!
08-28-2011 07:55 AM
Mine does not have a CL - it is just the highest I have ever used in a month (not much). And they only report to 2 of the 3 CRAs - not EX if I remember correctly
08-28-2011 05:00 PM
We have one of these stores coming to GA. I'd never heard of them before. It looks like it's getting close to opening - I can't wait to check it out and maybe apply for their card.
08-28-2011 05:16 PM
They're fancy... we have one here in Wichita at the mall but I never buy anything there because I can usually get something at JCPenney or Dillards for cheaper.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.